By Chris Becker
A solid inflation print, particularly core CPI plus a newly hawkish Fed Chair Janet Yellen’s comments took the mojo out of risk markets on Friday night. The US dollar soared higher on the enhanced hawkish stance that rates will rise sooner than expected, with undollar assets like oil, gold and the Aussie dollar falling.
Recapping Asia, where the Friday session was green across the board, with the Shanghai Composite continuing to gain momentum, up nearly 3% and making a new high, breaking above the late April high:
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